Caravelle Condos For Sale & Rent

Caravelle Condo Overview

Caravelle is a Bay Harbor Islands condo building at 9111 Bay Harbor Dr in Bay Harbor Islands. Built in 1966, the 7-story building has 37 residences, giving buyers a smaller-building option where unit condition and association details should be reviewed carefully.

Caravelle Condos for Sale

Caravelle condos for sale should be compared by layout, water or neighborhood exposure, interior updates, parking, and monthly fees. In this type of boutique older building, buyer due diligence should include reserves, insurance considerations, building condition, and recent comparable sales.

Caravelle Rentals and Rental Policy

If rentals are part of the plan at Caravelle, review current association rules, approval requirements, fees, minimum lease terms, and active rental inventory before making a purchase decision. Confirm the policy directly with the association before relying on projected income.

Amenities and Building Details

Caravelle currently shows a pet-friendly policy. Buyers should review amenities, parking, security, association rules, reserves, building condition, and monthly fees with the individual residence. The array of amenities includes a heated waterfront swimming pool, a grand lobby entrance, boat dock availability, a modern fitness center, barbecue and picnic areas, and a clubhouse. The addition of a sauna, community laundry facilities, high-speed elevators, secured parking, concierge services, and 24-hour security ensures a comfortable and convenient lifestyle.

What to Compare Before Buying at Caravelle

Compare active condos for sale, active rentals, recent sales, unit condition, monthly fees, parking, pet policy, association rules, and Bay Harbor Islands walkability. It is also useful to compare Caravelle Condo with nearby buildings and area pages such as Bay Harbour Islands, Blair House, and Longwood Towers.

Market Context

Caravelle Condo has completed-year closed-sale history from 2016 through 2025 in the market statistics, with 25 recorded condo sales, or about 3 sales per year. That is a thinner resale sample, so each closed sale should be reviewed closely for condition, view, size, and unusual terms before using it as a benchmark. The busiest year in the series was 2021 with 8 sales, while the quietest was 2016 with 1. Recent completed-year sales volume is below the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for Caravelle Condo ranges from about $144/sqft to $314/sqft, with an average near $228/sqft across the years shown. That range gives buyers room to separate stronger lines and renovated units from more ordinary comparisons. The last completed year in the series is higher than the first, moving from $171/sqft in 2016 to $303/sqft in 2025. The recent completed-year price-per-square-foot average is above the long-term average. Average closed price over the same completed-year period was about $407,800, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at Caravelle Condo: 2 Beds and 3 Beds units have the broadest historical comparison set, while 3 Beds around $627,741 and 2 Beds around $346,079 represent the higher average closed-price tiers in the chart data. The segment is useful, but buyers should still check whether the underlying sales were similar in size, view, and condition. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. Rental rules should be reviewed alongside the closed-sale statistics because permitted use can influence long-term buyer demand and resale positioning.